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Larry Kotlikoff's avatar

Hi Vincent, You're ignoring the extreme progressivity of the benefit formula. Removing the cap is an option, but the extra taxes paid by the rich would yield very little in extra benefits. best, Larry

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Larry Kotlikoff's avatar

Hi Tim, Yes, the future accrual of benefits is eliminated. So the middle aged and young lose relative to the pie-in-the-sky promises they've been made. But my plan gives them something first rate in exchange. best, Larry

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